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What is MD&A?

Sounds a lot like the drug MDMA doesn’t it? Well MD&A is definitely not a drug. MD&A stands for “Management Discussion & Analysis”, and it’s a section that is included in a company’s financial statements that are filed with the SEC (10-K and 10-Q). MD&A is where the company’s management team expresses their views on the historical results of the business, future plans and projections for the business, as well as any risks to the business.

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